• Accounts Payable
• Advertising Revenue
• Bank Loan Payable
• Cash
• Cost of Goods Sold
• CPP Payable
• Current Portion of Long-Term Debt
• Customer Loyalty Provision
• Dividends Payable
• EI Payable
• Employee Income Taxes Payable
• Equipment
• Gift Card Liability
• Interest Expense
• Interest Payable
• Inventory
• Long-Term Loan Payable
• Membership Revenue
• Miscellaneous Expense
• No Entry
• Operating Expenses
• Parts Inventory
• Prepaid Rent
• Registration Revenue
• Rent Expense
• Rent Payable
• Sales Revenue
• Service Revenue
• Subscription Revenue
• Unearned Revenue
• Unearned Warranty Revenue
• Union Dues Payable
• Wages Expense
• Wages Payable
• Warranty Expense
• Warranty Provision
• Warranty Revenue
• WCB Expense

Women's Summer Hockey Ltd. (WSHL) organizes and operates a women's hockey league between April and September. Teams may register starting in January and by the end of March must prepay the registration fee in full. The registration fee of $6,360 entitles each team to four games a month from April to September inclusive. Every player receives a jersey on which the WSHL sells advertising space to local businesses. Players who prefer not to commit for the entire summer may play on a drop-in basis and only pay for individual games in which they play. For an additional fee, WSHL also offers medical insurance during the season as well as an end-of-season awards ceremony and party. At the close of registration, 12 teams had committed to the league. Once the season began, the league generated so much interest that between April and June, 320 women decided to play on a drop-in basis and paid $14 per game to participate. WSHL signed up several businesses that bought advertising space on the jerseys, and it collected $14,600 in advertising revenues. WSHL also pre-sold medical insurance and collected $1,600. Between April and June WSHL collected a total of $5,500 from individuals interested in attending the end-of-season awards ceremony. The cost to organize the games between April and June was $6,600 per month, of which $13,800 was paid by the end of June. Other miscellaneous expenses totalling $8,600 were incurred and paid in cash. Date Account Titles and Explanation Debit Credit Jan/Apr. Cash Membership Revenue (Received for membership of teams) Jan/Apr. Cash Advertising Revenue (Received for advertising) Jan/Apr. Cash (Received for medical insurance service) awa (Received for end of season awards ceremony) (Drop-in games)